Home / Centerstage / 2014 / march / Week 1 /
Spain introduces reforms to its bankruptcy laws, making it easier for struggling companies to restructure debts. The decree, approved by the cabinet, aligns with recommendations from the International Monetary Fund to aid Spain's economic recovery. Starting Monday, banks will have better incentives to accept debt forgiveness and extend maturities, assisting cash-strapped firms in need of capital.
Friday, 7 March, 2014